Neogen Chemicals IPO subscribed 1.39 times

New Delhi: The initial public offer of Neogen Chemicals has been subscribed 1.39 times so far on the second day of bidding.

The Rs 132-crore initial public offer (IPO) received bids for 60,21,405 shares against the total issue size of 43,29,038 shares, as per data available on NSE

data till 1530 hours on Thursday.

Till Wednesday, the offer was subscribed 27 per cent. The IPO comprises fresh issue of up to Rs 70 crore and offer for sale of up to 29,00,000 equity shares, including anchor portion of 18,46,715 equity shares.

Price range for the offer, which is scheduled to close on Friday, has been fixed at Rs 212-215 per share.